Cambricon stock (688256) on watch after fund filings reshuffle China AI chip bets
Cambricon Technologies’ Class A shares closed down 1.33% at 1,334.99 yuan Friday, despite ranking among the top 10 most-held stocks by mainland mutual funds at year-end. Trading volume reached 6.35 million shares. Guoyuan Securities will begin market-making in Cambricon under STAR Market rules this week. Enflame, another domestic AI chipmaker, received approval for a STAR Market IPO targeting 6 billion yuan.